Sachin is a sales executive who earns a gross monthly income of $6,200. His employer deducts the following amounts from his pay: • $295 for employment insurance and CPP; • $180 for his group disability coverage; • $290 for the company pension plan; and • $1,300 for income taxes. Sachin's wife is employed and if Sachin dies prematurely, his family will need 50% of his income to maintain their current lifestyle. On what annual income should Sachin's insurance needs analysis be based on while determining the coverage needed?